Disclosure

First American Bank
P.O. Box 0794
Elk Grove, IL 60009-0794

This disclosure contains information about terms, fees, and interest rates for some of the accounts we offer.

Interest Rates and Annual Percentage Yields are current as of May 24, 2015.   For current rate information call (847) 952-3700.

eSpirit Checking


Limitations: The minimum balance to open this account is $100.00.

Account Fees: Three Tier Transaction Pricing
Tier 1
0 - 250 free transactions*
    Minimum balance to waive maintenance fee: $0.00
    Account maintenance fee: $0.00
Tier 2
251 - 400 free transactions*
    Minimum balance to waive maintenance fee: $10,000.00
    Account maintenance fee: $22.50
Tier 3
More than 400 transactions*
    Each transaction over 400: $0.50
    Minimum balance to waive maintenance fee: None
    Account maintenance fee: $22.50

Transactions Include the Following:

Deposits

ATM Deposit

Item Deposits

Checks Paid

MasterCard BusinessCard PIN Debit**

Incoming ACH Debits/Credits

Night Drop Deposits

Coin (per roll)

Currency Purchased (per bill)

Currency Deposited (per $100)

Remote Capture Deposits


*If the number of transactions exceed 400 in any given month, an excess transaction fee of $0.50 will be applied to each transaction over 400, regardless of balance level. In addition, the $22.50 maintenance fee will apply. See Business Account Fee schedule for other fees which may apply. **MasterCard BusinessCard PIN Debit - Transactions with a debit card which require a signature. ***New FAB customers only.

Refer to the Business Account Fee Schedule for additional fee information.

Additional Benefits
  • Free MasterCard BusinessCard
  • FREE proposal for Credit Card Processing
  • $50 discount on the first order of business style checks***
  • $10 discount on the first order of business style deposit tickets***

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